[ANN] PayPie - Blockchain-Powered Risk Assessment - page 235.

Rigorous

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Quote from: the_donald on August 30, 2017, 10:26:31 AM

Quote from: Rigorous on August 30, 2017, 08:57:16 AM

Well, I can imagine not everybody is going to be happy the way this is going. I mean obviously there's still a big need for cheating the books Wink

But seriously, yeah, disincentivizing fraud is going to be best for everyone in the long run, including the business itself.

A good accountant can always find ways to cook the books. Accounting systems are nothing new and none have made a dent in false reporting.

I'm thinking about the long term. If blockchain accounting becomes mandatory in the future and all businesses have to be connected, there's less opportunity to fraud. For example, it won't be possible to move expenditure to a different time period for tax benefits or deceiving stockholders unless both parties agree to fraud.

Although I agree there will probably be new ways to cheat.

toolucky98

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Quote from: Jay2408 on August 30, 2017, 10:39:43 AM

Quote from: magisterr on August 30, 2017, 10:29:58 AM

Where I can find demo-platform? cant find.. I see only demo-video. Can anyone give me link to their platform, please?

I think they don't have a demo-platform yet. But you can check their accounting software here: https://www.slickpie.com

This slickpie is their project? slickpie is owned by paypie team?

White paper :
11 Team
SlickPie employs an international team with vision, ability, innovative thinking, openness, management skills, marketing knowledge, and developers coming from various backgrounds from IT, accounting, finance, blockchain, and more. Complete profile of the team is available at http://www.paypie.com .

Maybe this is a noob question, i just want to know.

stormcleric

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Activity: 308

Merit: 250

Quote from: matjas on August 30, 2017, 09:15:07 AM

Looks like a project with potential. Unfortunately i dont know much about risk analysis but thats the beauty of crypto world. One idea unites us to learn about new fields, businesses, concepts, etc.
I assume when the platform will be ready in 2018, it will be translated to other languages and become international.

Well, risk analisys explained in short: when you want a credit, a loan, a mortgage or similar, a company rates the chances of you being able to actually pay for it. In order to do that calculation, the business you're dealing with will query PayPie - so they decide to work with you or not. The parameters needed should include your incomes, your current loans and similar data.

Jay2408

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Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: magisterr on August 30, 2017, 10:29:58 AM

Where I can find demo-platform? cant find.. I see only demo-video. Can anyone give me link to their platform, please?

I think they don't have a demo-platform yet. But you can check their accounting software here: https://www.slickpie.com

abigdump

member

Activity: 84

Merit: 10

Somebody metioned a video on paypie cant find a link in the ann anywhere or link to a web site could sombody please post them thanks in advance

magisterr

sr. member

Activity: 1372

Merit: 259

Where I can find demo-platform? cant find.. I see only demo-video. Can anyone give me link to their platform, please?

toolucky98

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Activity: 490

Merit: 100

Quote from: bitsurfer2014 on August 30, 2017, 09:38:38 AM

Quote from: areschen on August 30, 2017, 09:24:01 AM

About the risk analysis ， is it use big data ？ but i dont know the relationship with blockchain

Yes it will use big data which resides inside the blockchain. Furthermore,the blockchain will be the immutable ledger for every transaction which occured in a company and is not in any way controlled by anyone as it is decentralized.

Blockchain in an accounting software brings better visibility into the actual incomes and expenses of business thus reducing risk to lenders.

the_donald

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Quote from: Rigorous on August 30, 2017, 08:57:16 AM

Well, I can imagine not everybody is going to be happy the way this is going. I mean obviously there's still a big need for cheating the books Wink

But seriously, yeah, disincentivizing fraud is going to be best for everyone in the long run, including the business itself.

A good accountant can always find ways to cook the books. Accounting systems are nothing new and none have made a dent in false reporting.

mexi.db

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Activity: 532

Merit: 102

Quote from: annazaitun87 on August 30, 2017, 10:01:42 AM

most ICO was born, but I see this one is interesting, many platform have a whitepaper with a good illustration to bring an investors, I have this for first time, may be I missing other, wee see further developments. hope this project live

Quote from: Cryptominia on August 30, 2017, 09:52:17 AM

This will bring the ultimate trust and transparency to the financial markets..
A good one to invest.
I keep following the PAYPIE

You're welcome. Thank you for the kind words.

annazaitun87

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Activity: 672

Merit: 100

most ICO was born, but I see this one is interesting, many platform have a whitepaper with a good illustration to bring an investors, I have this for first time, may be I missing other, wee see further developments. hope this project live

mexi.db

full member

Activity: 532

Merit: 102

Quote from: Rigorous on August 30, 2017, 09:34:53 AM

Quote from: Jay2408 on August 30, 2017, 09:06:46 AM

But given their target audience being SMEs, big companies still have the chance to cheat. Of course, I don't wish to imply such thing

Oh, you don't have to imply. It happens. Even in countries with the lowest corruption level, there are headlines about fraud by multi-million dollar organizations. Even organizations that are supposed to check other businesses for fraud... Really, the time of trust-based systems is coming to an end. Because you can't trust anyone.

This is true, but PayPies will address all these issues. PayPie brings transparency to the financials of business by introducing triple entry accounting and analysis conducted using the single ledger approach based on a decentralized accounting platform

Cryptominia

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Activity: 176

Merit: 100

This will bring the ultimate trust and transparency to the financial markets..
A good one to invest.
I keep following the PAYPIE

mexi.db

full member

Activity: 532

Merit: 102

Quote from: lvsca on August 30, 2017, 07:31:44 AM

sir, did you made cooperation with slickpie, xero, and other accounting company?

Slickpie is PayPie's accounting solution. PayPie will add API integration with likes of Xero, QBO, Sage, SAP, NetSuite, etc. to fetch journal entry, and other accounting data from different ERP softwares. Building strong partnerships with major accounting and ERP systems is a major aim of our overall marketing strategy.

bitsurfer2014

hero member

Activity: 924

Merit: 520

Quote from: areschen on August 30, 2017, 09:24:01 AM

About the risk analysis ， is it use big data ？ but i dont know the relationship with blockchain

Yes it will use big data which resides inside the blockchain. Furthermore,the blockchain will be the immutable ledger for every transaction which occured in a company and is not in any way controlled by anyone as it is decentralized.

Rigorous

full member

Activity: 574

Merit: 115

Quote from: Jay2408 on August 30, 2017, 09:06:46 AM

But given their target audience being SMEs, big companies still have the chance to cheat. Of course, I don't wish to imply such thing

Oh, you don't have to imply. It happens. Even in countries with the lowest corruption level, there are headlines about fraud by multi-million dollar organizations. Even organizations that are supposed to check other businesses for fraud... Really, the time of trust-based systems is coming to an end. Because you can't trust anyone.

areschen

full member

Activity: 392

Merit: 100

About the risk analysis ， is it use big data ？ but i dont know the relationship with blockchain

bitsurfer2014

hero member

Activity: 924

Merit: 520

As stated in PAYPIE's whitepaper, I suddenly realized the enormous potential that the PAYPIE's platform will offer. Examples of which is to deter accounting frauds, give firms good credit ratings based on their accounting transactions etc.. all of which could be used for the betterment of every company.

matjas

full member

Activity: 798

Merit: 115

Looks like a project with potential. Unfortunately i dont know much about risk analysis but thats the beauty of crypto world. One idea unites us to learn about new fields, businesses, concepts, etc.
I assume when the platform will be ready in 2018, it will be translated to other languages and become international.

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: Rigorous on August 30, 2017, 08:57:16 AM

Well, I can imagine not everybody is going to be happy the way this is going. I mean obviously there's still a big need for cheating the books Wink

But seriously, yeah, disincentivizing fraud is going to be best for everyone in the long run, including the business itself.

But given their target audience being SMEs, big companies still have the chance to cheat. Of course, I don't wish to imply such thing

Anyway, I think in the long term blockchain based triple entry accounting will become standard everywhere.

Rigorous

full member

Activity: 574

Merit: 115

Well, I can imagine not everybody is going to be happy the way this is going. I mean obviously there's still a big need for cheating the books Wink

But seriously, yeah, disincentivizing fraud is going to be best for everyone in the long run, including the business itself.

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